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June 13, 2011, 10:28 p.m. EDT · CORRECTED

Japan stocks fall; Hong Kong rebounds on banks

China’s banks extend fewer loans than expected

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By Lisa Twaronite and Michael Kitchen, MarketWatch

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Energy losses

Weak crude weighed on energy shares around the region, with the benchmark Nymex contract  languishing at or below $99 a barrel for much of the day.

Energy shares fell in Tokyo, with Inpex Corp. /zigman2/quotes/206689846/delayed JP:1605 +1.65%   /zigman2/quotes/207958170/composite IPXHY +1.34%  and Japan Petroleum Exploration Co. /zigman2/quotes/201212147/delayed JP:1662 +4.73%   /zigman2/quotes/202925532/composite JPTXF +7.25%  each ending 1.7% lower.

In Hong Kong, PetroChina Co. /zigman2/quotes/204979431/delayed HK:857 +0.74%   /zigman2/quotes/206980083/delayed CN:601857 +0.22%   /zigman2/quotes/205108732/composite PTR +2.18%  slipped 0.6%, while China Petroleum & Chemical Corp. /zigman2/quotes/202085942/delayed HK:386 -0.29%   /zigman2/quotes/202783176/composite SNP +1.98% , also known as Sinopec, ended flat.

Still, weak crude helped some airline shares, with Cathay Pacific Airways Ltd. /zigman2/quotes/203532437/delayed HK:293 +12.00%   /zigman2/quotes/208114856/composite CPCAY +12.21%  rising 0.4%.

Elsewhere in Asia, South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.83%  closed with a 0.1% gain after moving in either direction during the session, and the Shanghai Composite /zigman2/quotes/206600939/delayed CN:000001 +1.77%  narrowed a 1.1% drop in the morning session to close a more modest 0.2% lower, also benefitting from a rebound in many financials.

Markets in Australia were closed for a public holiday Monday.

Overall, last week’s Wall Street losses helped to depress investor sentiment in Asia. On Friday, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05%  fell 1.4% to hit its lowest close since March 18, rounding out its sixth straight losing week. Read more on U.S. stocks.

“Last week was another poor week for risk appetite, with weaker-than-anticipated Chinese trade data adding another layer to global growth concerns that had been previously led by the U.S., following a run of weak economic data,” said Mitul Kotecha, a strategist at Credit Agricole SA in Hong Kong.

“Data releases this week are unlikely to reverse the negative sentiment pervading markets,” he said in a note to clients Monday.

In the U.S. this week, key releases are slated to include retail sales, consumer-price inflation, industrial production and consumer sentiment. See U.S. economic preview.

/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 709.90
+11.50 +1.65%
Volume: 1.17M
Aug. 13, 2020 9:15a
P/E Ratio
N/A
Dividend Yield
3.38%
Market Cap
¥1009.29 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/207958170/composite
US : U.S.: OTC
$ 6.51
+0.09 +1.34%
Volume: 3,189
Aug. 12, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
3.00%
Market Cap
$9.48 billion
Rev. per Employee
$2.64M
loading...
/zigman2/quotes/201212147/delayed
JP : Japan: Tokyo
¥ 1,904.00
+86.00 +4.73%
Volume: 89,600
Aug. 13, 2020 9:14a
P/E Ratio
13.07
Dividend Yield
2.63%
Market Cap
¥102.76 billion
Rev. per Employee
¥156.48M
loading...
/zigman2/quotes/202925532/composite
US : U.S.: OTC
$ 17.25
+1.17 +7.25%
Volume: 200.00
Aug. 12, 2020 3:33p
P/E Ratio
13.01
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
$1.42M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.73
+0.02 +0.74%
Volume: 76.78M
Aug. 12, 2020 4:08p
P/E Ratio
22.69
Dividend Yield
5.81%
Market Cap
HK$860.51 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/206980083/delayed
CN : China: Shanghai
¥ 4.46
+0.01 +0.22%
Volume: 98.19M
Aug. 12, 2020 3:00p
P/E Ratio
17.87
Dividend Yield
3.22%
Market Cap
¥771.84 billion
Rev. per Employee
¥4.49M
loading...
/zigman2/quotes/205108732/composite
US : U.S.: NYSE
$ 35.62
+0.76 +2.18%
Volume: 63,065
Aug. 12, 2020 4:00p
P/E Ratio
9.82
Dividend Yield
3.90%
Market Cap
$111.03 billion
Rev. per Employee
$678,384
loading...
/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 3.46
-0.01 -0.29%
Volume: 61.43M
Aug. 12, 2020 4:08p
P/E Ratio
16.09
Dividend Yield
10.00%
Market Cap
HK$513.61 billion
Rev. per Employee
HK$7.40M
loading...
/zigman2/quotes/202783176/composite
US : U.S.: NYSE
$ 45.33
+0.88 +1.98%
Volume: 121,964
Aug. 12, 2020 4:00p
P/E Ratio
16.62
Dividend Yield
8.62%
Market Cap
$66.27 billion
Rev. per Employee
$975,922
loading...
/zigman2/quotes/203532437/delayed
HK : Hong Kong
HK$ 5.88
+0.63 +12.00%
Volume: 72.73M
Aug. 12, 2020 4:08p
P/E Ratio
15.71
Dividend Yield
3.06%
Market Cap
HK$33.80 billion
Rev. per Employee
HK$4.27M
loading...
/zigman2/quotes/208114856/composite
US : U.S.: OTC
$ 3.98
+0.43 +12.21%
Volume: 44,642
Aug. 12, 2020 3:53p
P/E Ratio
16.65
Dividend Yield
2.54%
Market Cap
$4.36 billion
Rev. per Employee
$544,403
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,452.52
+20.17 +0.83%
Volume: 102,957
Aug. 13, 2020 9:15a
loading...
/zigman2/quotes/206600939/delayed
CN : China: Shenzhen
¥ 14.38
+0.25 +1.77%
Volume: 159.68M
Aug. 12, 2020 3:00p
P/E Ratio
9.99
Dividend Yield
1.52%
Market Cap
¥274.21 billion
Rev. per Employee
¥6.12M
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,976.84
+289.93 +1.05%
Volume: 342.07M
Aug. 12, 2020 5:10p
loading...

Lisa Twaronite is MarketWatch's Tokyo bureau chief. Michael Kitchen is Asia editor for MarketWatch and is based in Los Angeles.

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